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AFP Imaging Corporation

Medical equipment supplier reports 17% increase in sales

Published in Telemedicine Business Week, September 29th, 2004

AFP Imaging Corporation (AFPC) reported their results for the fourth quarter and 12 months of fiscal year 2004.

Net sales for the fourth quarter fiscal 2004 rose 17% to $5,641,132 as compared to $4,841,458 for fiscal 2003. Revenues for the 12 months, just ended, were $19,832,910 compared to $18,043,668 for fiscal 2003, a 10% annual growth rate.

The 12 months fiscal 2004 resulted in a profit of $1,345,467 or $.15 per basic share, a record level over the past 6 years, compared to a loss of $1,515,407 or $.16 per basic share in fiscal 2003.

The current quarter had a profit of $407,456 or $.04 per basic share compared to a profit of...

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